It is a common misconception that you have to live with someone for three years or more, and they have to make a direct contribution to the assets acquired during the relationship, before they're entitled to bring a relationship property claim. Possibly this mistaken belief occurs because the legislation itself is misunderstood.
Under current law, assuming a contracting out agreement (often referred to as a "pre-nup") isn't in place, a presumption exists that in a marriage, de facto and civil union relationship of three years or more duration, assets owned personally are split 50/50. Relationships can, however, be much shorter in duration and the presumption can still apply.We were about to subdivide our section and needed property tax advice. Googled "who's any good" and GRA were in the top 3 on a few sites that recommended providers. We worked with Anthony Lipscombe. Very easy to deal with, comprehensive chat/ conversation that led to a written report by Anthony where his thinking was sharp, clearly communicated, coming at aspects from multiple points of view. i.e. he took time to make sure the reader (my wife and I) completely understood (in plain English) what he was saying. Highly recommended.
- Jason C, October 2023
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.
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